Principal Financial Group Inc. Invests $536,000 in iShares U.S. Real Estate ETF $IYR

Principal Financial Group Inc. bought a new position in shares of iShares U.S. Real Estate ETF (NYSEARCA:IYR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 5,521 shares of the real estate investment trust’s stock, valued at approximately $536,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Gallagher Fiduciary Advisors LLC boosted its holdings in iShares U.S. Real Estate ETF by 9,674.5% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 1,554,040 shares of the real estate investment trust’s stock worth $147,276,000 after acquiring an additional 1,538,141 shares in the last quarter. Citigroup Inc. raised its position in shares of iShares U.S. Real Estate ETF by 149.4% in the 2nd quarter. Citigroup Inc. now owns 1,807,775 shares of the real estate investment trust’s stock valued at $171,323,000 after purchasing an additional 1,083,044 shares during the last quarter. WealthNavi Inc. boosted its stake in iShares U.S. Real Estate ETF by 8.2% in the 3rd quarter. WealthNavi Inc. now owns 5,298,667 shares of the real estate investment trust’s stock worth $514,395,000 after purchasing an additional 403,581 shares in the last quarter. Hsbc Holdings PLC grew its position in iShares U.S. Real Estate ETF by 69.1% during the 2nd quarter. Hsbc Holdings PLC now owns 790,403 shares of the real estate investment trust’s stock worth $74,173,000 after purchasing an additional 322,881 shares during the last quarter. Finally, Maven Securities LTD increased its stake in iShares U.S. Real Estate ETF by 145.6% during the 2nd quarter. Maven Securities LTD now owns 182,846 shares of the real estate investment trust’s stock valued at $17,328,000 after purchasing an additional 108,403 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

iShares U.S. Real Estate ETF Trading Down 0.2%

Shares of iShares U.S. Real Estate ETF stock opened at $99.83 on Friday. The firm’s 50 day simple moving average is $95.96 and its two-hundred day simple moving average is $95.98. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 35.41 and a beta of 1.01. iShares U.S. Real Estate ETF has a 12-month low of $81.53 and a 12-month high of $101.27.

iShares U.S. Real Estate ETF Company Profile

iShares U.S. Real Estate ETF, formerly iShares Dow Jones U.S. Real Estate Index Fund (the Fund), is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Real Estate Index (the Index). The Index measures the performance of the real estate sector of the United States equity market, and includes companies in the industry groups, such as real estate holding and development and real estate investment trusts (REITs).